SMM 20.0% 0.4¢ somerset minerals limited

have we reached the bottom yet, page-49

  1. 145 Posts.
    Proofreader:

    re: ABN
    Who was ABN referring to? Someone in the TMR thread? I've come across ABN in the QOL thread as well but never read anything untoward.

    re: $88M
    I was assuming joewinters was looking forward. For 2008 the numbers will be lower because they have basically being using 1% ore for the first 6 months. Even at the current high costs this thing looks grossly undervalued at 8 cents but the problem is that market participant will assume that the copper price will eventually drop like zinc and nickel have and therefore I reckon punters will want to see the reduced costs before a significant improvement in the price occurs (significant = >15 cents). Sure we are all bullish copper thats why we buy copper stocks but we need broader interest to push the SP up.
 
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